Technical Assistance to Develop the System of Direct and Contingent Liabilities Management of Tver Oblast| 12-03-2004

CEFIRs partner in the consortium: the Public Finance Consultants and Managers Guild (PFCMG).

Start Date: March 2003
Completion Date: current (August 2004)

Project Summary:

The objective of the project is to assist the government of Tver Oblast in improving the system of debt, payables and contingent liabilities management.

The project team will:

Review the system of registering and managing debt and contingent liabilities on the regional and municipal level;

Review the compliance of practices in registering and managing direct and contingent liabilities in the Oblast with the Standards on debt and contingent liabilities management developed under the IBRDs Regional Fiscal Technical Assistance Project;

Develop the set of legal and regulatory documents necessary to implement the standards for debt and contingent liabilities management in the Oblast, including formalized procedures that define the amount of a security deposit, guarantee payments and a share of borrowing that can be guaranteed by the region;